Cable One (NYSE:CABO) Lowered to Market Perform Rating by Raymond James

Cable One (NYSE:CABO - Get Free Report) was downgraded by research analysts at Raymond James from an "outperform" rating to a "market perform" rating in a research note issued to investors on Friday, Marketbeat.com reports.

Other analysts have also issued reports about the stock. KeyCorp reiterated a "sector weight" rating on shares of Cable One in a research note on Friday, May 2nd. JPMorgan Chase & Co. cut their price objective on Cable One from $420.00 to $325.00 and set a "neutral" rating for the company in a report on Monday, March 3rd. Finally, Wells Fargo & Company dropped their target price on Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research report on Friday, February 28th.

Cable One Stock Down 5.0 %

Shares of CABO traded down $9.13 during mid-day trading on Friday, reaching $173.86. The company had a trading volume of 84,261 shares, compared to its average volume of 119,603. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a 50-day moving average price of $254.64 and a 200 day moving average price of $318.27. Cable One has a 52 week low of $150.00 and a 52 week high of $437.00. The company has a market capitalization of $978.46 million, a price-to-earnings ratio of 4.02 and a beta of 1.00.

Cable One (NYSE:CABO - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $12.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.21 by $0.11. Cable One had a net margin of 15.86% and a return on equity of 10.98%. The business had revenue of $380.60 million during the quarter, compared to analysts' expectations of $386.61 million. On average, sell-side analysts forecast that Cable One will post 32.08 EPS for the current year.

Insider Activity at Cable One

In other Cable One news, Director Wallace R. Weitz acquired 1,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of $244.02 per share, with a total value of $244,020.00. Following the completion of the purchase, the director now directly owns 5,584 shares in the company, valued at approximately $1,362,607.68. The trade was a 21.82 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in shares of Cable One in the fourth quarter worth $28,129,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Cable One by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company's stock valued at $31,423,000 after purchasing an additional 7,055 shares during the last quarter. Kingsview Wealth Management LLC grew its position in shares of Cable One by 5.8% during the fourth quarter. Kingsview Wealth Management LLC now owns 23,660 shares of the company's stock valued at $8,568,000 after purchasing an additional 1,297 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Cable One in the fourth quarter worth about $10,491,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Cable One by 3.7% in the fourth quarter. Bank of New York Mellon Corp now owns 73,013 shares of the company's stock worth $26,439,000 after buying an additional 2,627 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Cable One Company Profile

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.